IoT Gateway Devices Market Increasing at A Phenomenal Pace to Reach more than USD 3.44 Billion by 2032

Major companies in IoT gateway devices market are AAEON Technology, Inc., Advantech Co., Ltd., Avnet, Inc., Cisco Systems, Inc., Dell Technologies, Inc. amongst others. These players are set to bolster the development of global IoT gateway devices market.

According to analysts at Zion Market Research, The global IoT gateway devices market accounted for USD 2.59 Billion in 2023 and is expected to reach USD 3.44 Billion by 2032, growing at a CAGR of 3.2% from 2024 to 2032.

This review is based on a report by Zion Market Research, titled “IoT Gateway Devices by Connectivity (Bluetooth, Wi-Fi, ZigBee, Ethernet and Others), by End User (Industrial and Consumer), by Application (Wearable Device, Automotive, Building Automation and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.

” Adoption of 4.0 Technologies and Cyber Protection to Spur Growth

“The growing adoption of industry 4.0 technologies, the need for advanced network infrastructure security and cyber protection across various enterprises will garner the growth for IoT Gateway devices market in the years ahead,” says the author of this study. Apart from this, usage of IoT components sensors across various applications and increased adoption of Bluetooth technology are factors driving growth in this market throughout the forecast period.

The rising adoption of smart wearable devices that are enabled using IoT technology like smart glasses, fit bits, smart watches, etc., coupled with the increased usage of IoT components and sensors in applications like infotainment systems inbuilt in vehicles and self-driving cars are expected to create market opportunities for IoT gateways in the upcoming years.

Increased Government Spending In The Region Support Asia Pacific Growth

Regionally, Asia Pacific has been one of leading the worldwide IoT gateway devices market and is anticipated to continue to grow in the years to come, states the IoT gateway devices market study. The increase can be attributed to increased investments in initiatives of integrating IoT in public infrastructures and smart city development. The Asia Pacific market will gain an edge in IoT gateway devices due to the deployment of various government policies which are aimed at boosting cyber security.

Browse the full “IoT Gateway Devices by Connectivity (Bluetooth, Wi-Fi, ZigBee, Ethernet, and Others), by End User (Industrial and Consumer), by Application (Wearable Device, Automotive, Building Automation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/iot-gateway-devices-market

The global IoT gateway devices market is segmented as follows:

By Connectivity

• Bluetooth
• Wi-Fi
• ZigBee
• Ethernet
• Others

By End User

• Industrial
• Consumer

By Application

• Wearable Device
•  Automotive
• Building Automation
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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